Thread: Vircurex.com - Crypto-Currency trading platform

I am not admin/owner!

I represent to your attention Fast Crypto-Currency trading platform https://vircurex.com

Trades on the following pairs:

BTC / EUR
BTC / USD
ANC / BTC
DGC / BTC
DOGE / BTC
DVC / BTC
FRC / BTC
FTC / BTC
I0C/BTC
IXC / BTC
LTC / BTC
NMC / BTC
NVC / BTC
NXT / BTC
PPC / BTC
QRK / BTC
TRC / BTC
WDC / BTC
XPM / BTC

A distinctive feature of this trading platform is that you can trade currencies specified in any variations! You can, for example, trade DOGE for NXT directly, without involving in the process BTC. It's enough in the account settings window uncheck "Show only BTC Exchange".

There is a nice information panel, where you can see the current number of blocks, network hashrate and current difficulty for all traded currencies.

Commission for the buy / sale: 0.2%

After orders, do not forget to activate it by clicking the "Release" button.

Fees for withdrawal your coins (no commission for the deposits):

Currency / Commission (number of coins) / Number of required confirmations in the network
ANC - Anoncoin / 0.1000 / 10
BTC - Bitcoin / 0.0020 / 4
DGC - Digitalcoin / 0.2000 / 80
DOGE - Dogecoin / 5.0000 / 10
DVC - Devcoin / 100.0000 / 6
FRC - Freicoin / 1.0000 / 10
FTC - Feathercoin / 0.0100 / 6
I0C - I0coin / 0.0100 / 6
IXC - Ixcoin / 8.0000 / 10
LTC - Litecoin / 0.1000 / 4
NMC - Namecoin / 0.1000 / 6
NVC - Novacoin / 0.1000 / 10
NXT - Nextcoin / 2.0000 / 50
PPC - Peercoin / 0.0200 / 6
QRK - Quarkcoin / 0.5000 / 10
TRC - Terracoin / 0.0100 / 10
WDC - Worldcoin / 0.1000 / 10
XPM - Primecoin / 0.0100 / 8

Also, the Exchange gives you the opportunity to customize receive messages to a specified e-mail when your account receives a deposit and when your order is executed.

I note that trading platform is very quick, there is no lags, such as on Cryptsy or CoinedUp. Withdraws and deposits never takes more than 10-15 minutes (4-10 confirmations, depending on the currency), which is also important in arbitration.

Transfer coins from the one market to another market is very easy. Generate the address on one market and withdrawal from another, and the funds are credited to the address after the confirmation in the network.

Vircurex applied all modern measures to protect your account from hacking. In your account settings, you can configure two-factor authentication by checking on changing IP (on each IP change comes an e-mail for confirmation), by Google Authenticator or Yubikey (authorization from USB-drive).

Joining is simple (note that in the password necessary to have uppercase and lowercase letters, numbers and special characters). Immediately after registration letter with a link to confirm your e-mail comes to the specified e-mail. Need to pass on this link to complete registration. You need to confirm your e-mail by clicking the link.
Account verification is not required.
Vircurex have an API.

And finally. Vircurex pay interest to members, which is available in the accounts 1BTC/100LTC/400PPC in 15% of all commissions earned by the market every 6 hours (by apportioning 15% of all accounts that meet the specified conditions).

Vircurex News & Updates:

API calls should be made to https://api.vircurex.com only

As announced, the main server does not accept API calls any longer. Please use https://api.vircurex.com instead.

Hot News from Vircurex:

Frozen Funds

In preparation of the following, we have with immediate effect stopped the possibilities to withdraw BTC, LTC, FTC and TRC. All incoming deposits will also not be credited to the users accounts for the time being.

On 25 March at ~01:00 GMT we will be freezing the current BTC, LTC, TRC and FTC accounts, then perform the below distribution of the available coins and reenable deposits and withdrawals. This action will also require us to delete all open sell orders for BTC, LTC, FTC and TRC.

As you may very well be aware, we had two incidents last year that lead to a loss of a significant number of BTC, LTC, FTC, TRC. We had communicated at that time that we will be covering those losses from our income, which we have done so far. We had enough coin balances in our cold wallet to upkeep our platform and the positive cashflow enabled us to gradually refill the wallets.

Unfortunately we had large fund withdrawals in the last weeks which have lead to a complete depletion of our cold wallet balance and we are now facing the option of either closing the site with significant unrecoverable losses for all or to work out a solution that allows the exchange to continue to operate and gradually pay back the losses.

We have obviously chosen the later and hence are going to do the following:

1. We will introduce an additional balance type called "Frozen Funds". Funds in this balance type cannot be used to trade or withdraw. Those are the balances that the exchange will gradually pay back and hence transfer back to the available balance over time.
2. We will move all current balances for BTC, LTC, TRC and FTC to the "Frozen Balance", i.e. your balance will be set to 0.
3. We'll take the current available cold storage balance and distribute it based on the below described distribution logic.
4. Monthly we will take the net profit of the exhchange and credit back that amount distributed to the users based on the described distribution logic.


The freezing of the balances is a one-time action, it does not affect future deposits in any ways.

Distribution logic

50% of the amount will be distributed top down and the other 50% will be distributed bottom up.

Top down means: credit the amount from the largest account balance down to the smaller accounts Bottom up: credit the amount from the smallest account balance to the larger accounts.
Example
User 1: 5 BTC
User 2: 4 BTC
User 3: 3 BTC
User 4: 3 BTC
User 5: 3 BTC
User 6: 3 BTC
User 7: 1 BTC

Amount to distribute: 12 BTC:
Step 1: Top down distribute 6 BTC:

User 1: Credit 5 BTC
User 2: Credit 1 BTC, remaining frozen balance = 3 BTC


Step 2: Bottom up distribute 6 BTC:

User 7: Credit 1 BTC
User 6: Credit 3 BTC
User 5: Credit 2 BTC, remaining frozen balance = 1 BTC


This approach has the advantages that

all users will eventually receive their funds, though the timeframe depends on the monthly volume available
new deposits and users are not penalized, thus supporting the ongoing operations of the platform
fund withdrawals from the available funds are guaranteed, no surprises or unecessary delays.